Berkeley Group (BKG) Sets New 1-Year Low at $3,281.00

Berkeley Group Holdings PLC (LON:BKG) shares reached a new 52-week low on Wednesday . The stock traded as low as GBX 3,281 ($42.87) and last traded at GBX 3,308 ($43.22), with a volume of 612970 shares changing hands. The stock had previously closed at GBX 3,400 ($44.43).

Several research firms have recently weighed in on BKG. Peel Hunt reissued a “buy” rating on shares of Berkeley Group in a report on Wednesday, October 10th. Barclays boosted their price objective on shares of Berkeley Group from GBX 3,729 ($48.73) to GBX 3,873 ($50.61) and gave the company an “underweight” rating in a report on Wednesday, September 12th. Shore Capital reissued a “sell” rating on shares of Berkeley Group in a report on Wednesday, September 5th. Liberum Capital reissued a “hold” rating on shares of Berkeley Group in a report on Wednesday, September 5th. Finally, Deutsche Bank boosted their price objective on shares of Berkeley Group from GBX 4,014 ($52.45) to GBX 4,095 ($53.51) and gave the company a “hold” rating in a report on Thursday, August 30th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Berkeley Group currently has a consensus rating of “Hold” and a consensus price target of GBX 3,891.25 ($50.85).

In related news, insider Sean Ellis sold 5,463 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of GBX 3,587 ($46.87), for a total transaction of £195,957.81 ($256,053.59).

About Berkeley Group (LON:BKG)

The Berkeley Group Holdings plc, together with its subsidiaries, engages in the residential-led and mixed-use property development activities in the United Kingdom. The company builds homes, neighbourhoods, communities, luxury homes, and affordable housing for families, first time buyers, students, and senior people in London and the south of England markets.

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